CEI Entertainment Inc. Announces Involvement in Major Film 'Father Christmas'.

Business Editors

GLENDALE, Ariz.--(BUSINESS WIRE)--March 17, 2004

CEI Entertainment, Inc. (CEEM.PK) announced that it is in discussions with Producers Jack Robinson and Chase Chenowith to produce the family film "Father Christmas". Fred Holmes, the films writer and Director is a veteran of many films and is currently directing a "Barney" special at Universal Studios.

CEI's President and Executive Producer, Jim Rosin said, "This is a film that will make you laugh and touch your heart. It is a great family film that we will be proud to bring it to audiences everywhere."

Producers Robinson and Chenowith are in contract discussions with A-list actors for the lead roles in this film. Robinson and Chenowith are also Producers of the upcoming films, "Plots With a View" and "The Devil and Mrs. Webster."

For official corporate or more information on the company or the events above visit our web site at www.ceiwebsite.com or contact Dave Petersen at (402)-933-8696.

This news release contains forward-looking statements within the meaning of Section 37 A of the Securities Act of 1933 and Section 21 E of the Securities Exchange Act of 1934 of the United States. These forward-looking statements involve risks and uncertainties. The Company undertakes no obligation to publicly update or revise the forward-looking statements whether as a result of new information, future events or otherwise.